Electronic invoice management and approval
SoftCo Accounts Payable Automation processes supplier invoices electronically from capture and matching to invoice approval and query management. Accounts Payable Automation software replaces manual, paper-based processes, condenses spreadsheets, and removes time-consuming and costly tasks.
SoftCo’s AP Automation software processes all PO and non-PO supplier invoices electronically from capture and matching to invoice approval and query management. SoftCoAP delivers unparalleled touchless automation by incorporating unique Artificial Intelligence (AI) and Adaptive Learning technologies to minimize the number of supplier invoices that require manual intervention. The result is 89% processing savings.
For over 30 years, SoftCo has delivered enterprise software solutions that streamline processes, reduce costs, and ensure full financial control and visibility. Now, Accounts Payable automation enables the finance team to see the status of accruals, handle exceptions, and generate real-time reporting and analytics, ensuring faster month-end close and reduced costs.
Finally, AP Automation’s powerful capture, smart matching and clever exception handling delivers the lowest processing cost per invoice.
Rather than just technically describe an issue, SoftCo knew what functional problems we had, and their business comprehension was impressive. That really made SoftCo stand out.
SoftCo’s solution has delivered real benefits and savings. We have completely removed all manual invoice processing tasks which has significantly reduced invoice lifecycles.
We chose SoftCo because of their proven experience in this area. They were able to identify our issues straight away and offer a quick and cost-effective solution. They implemented the system in a matter of hours and provided an onboarding service that allowed our staff to get up and running on the system in minimal time.
SoftCo has fulfilled everything that we were looking for, and more. Our query resolution times have reduced by 75%, meaning our AP staff spend less time on reconciliation and more time on value-adding activities.